XML 13 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Assets:    
Investment in Hotel Properties, Net of Accumulated Depreciation $ 1,650,180 $ 1,665,097
Investment in Unconsolidated Joint Ventures 5,130 5,580
Cash and Cash Equivalents 77,447 72,238
Escrow Deposits 10,997 12,707
Hotel Accounts Receivable 7,121 8,491
Due from Related Parties 153 2,495
Intangible Assets, Net of Accumulated Amortization of $7,010 and $6,944 1,269 1,335
Right of Use Assets 43,211 43,442
Other Assets 29,366 21,759
Total Assets 1,824,874 1,833,144
Liabilities and Equity:    
Line of Credit 118,684 118,684
Term Loans, Net of Unamortized Deferred Financing Costs (Note 5) 496,306 496,085
Unsecured Notes Payable, Net of Unamortized Discount and Unamortized Deferred Financing Costs (Note 5) 200,855 198,490
Mortgages Payable, Net of Unamortized Premium and Unamortized Deferred Financing Costs 304,248 304,614
Lease Liabilities 53,592 53,691
Accounts Payable, Accrued Expenses and Other Liabilities 39,119 43,207
Dividends and Distributions Payable 6,044 6,044
Due to Related Parties 439 1,723
Total Liabilities 1,219,287 1,222,538
Redeemable Noncontrolling Interests - Consolidated Joint Venture (Note 1) 4,583 2,310
Shareholders' Equity:    
Preferred Shares:  $.01 Par Value, 29,000,000 Shares Authorized, 3,000,000 Series C, 7,701,700 Series D and 4,001,514 Series E Shares Issued and Outstanding at March 31, 2022 and December 31, 2021, with Liquidation Preferences of $25.00 Per Share (Note 1) 147 147
Accumulated Other Comprehensive Income (Loss) 10,908 (2,747)
Additional Paid-in Capital 1,153,486 1,155,034
Distributions in Excess of Net Income (615,740) (595,454)
Total Shareholders' Equity 549,195 557,374
Noncontrolling Interests (Note 1) 51,809 50,922
Total Equity 601,004 608,296
Total Liabilities and Equity 1,824,874 1,833,144
Class A Common Shares    
Shareholders' Equity:    
Common Shares 394 394
Class B Common Shares    
Shareholders' Equity:    
Common Shares $ 0 $ 0